Google reportedly made a bid of at least $30 billion to buy Snap in early 2016, around the time the app maker held a fundraising round which valued it at $20 billion.

US regulator Federal Communications Commission (FCC) is up to a full deck for the first time under the new administration, after a senate vote confirmed Jessica Rosenworcel and Brendan Carr as new commissioners.

Japan-based SoftBank is weighing up whether to launch a formal takeover approach for US cable company Charter Communications, with financing to the tune of $65 billion in place.

Nokia announced plans to broaden “its focus into multiple areas of early 5G mobility use cases”, in response to growing interest in the technology from operators in the US, China, Japan and South Korea and expectations of a 2019 global deployment.

China-based smartphone vendors accounted for a record 48 per cent of global shipments in Q2, as they continue to scale aggressively beyond the mainland, according to Counterpoint Research.